Evolution to Inclusion The Creation to Implementation of On Demand and Fronted LC Payment Bonds

Time: Tuesday, April 18, 2023 - 11:30am to 12:30pm
Level: Intermediate/Advanced


In 2017, Mike DeLuca and Pat McKinnon introduced the IECA to a new alternative risk product that was, at that time, under development but seen as a huge opportunity for capital relief and enhanced liquidity in the future. This session will also demonstrate how On Demand Payment Bonds and Fronted LC Bonds are currently being used and becoming a mainstay in Energy Credit, the scope of volume as well as the future of these instruments.


  • An exploration into the evolution of the On Demand and Fronted LC Payment Bonds and the creation of complimentary products to further achieve the above goals.